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Weekly Cash Comments

Weekly Cash Commentary for week ending 11/11/2016

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National corn and soybean basis moved higher across the board this week. This is the first time we have seen unanimous movement higher since the end of August.

On average, corn moved higher by 1 1/2 cents, the first move in either direction in three weeks. Corn along the river gained momentum from last week gaining 8 cents; ethanol plants moved slightly higher by 1 1/4 cents from last week. Some ethanol plants see Trump’s refinery policies as a wildcard for them and are awaiting further news.

Soybeans saw strong movement higher gaining an average of 3 cents per bushel. Crush facilities gained 5 1/4 cents, partly supported by Palm Oil news this week. Soy river facilities continued to be the strongest movers this week up 10 1/2 cents.

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